Barry Callebaut 5-year results overview

Barry Callebaut's financial results 5-year overview from fiscal year 2014/15 to fiscal year 2018/19

Key figures Barry Callebaut Group¹

Consolidated Income Statement

    CAGR (%) 2018/19 2017/18 2016/17
restated
2015/16 2014/15
Sales volume (Tonnes)       4.5% 2,139,758 2,035,857 1,914,311 1,834,224 1,794,782

Sales revenue
(CHF m)

  4.0% 7,309.0 6,948.4 6,805.2 6,676.8 6,241.9
EBITDA (recurring) (CHF m)   9.4% 775.0 728.3 592.1 539.4 540.8
Operating profit (EBIT) (CHF m)   9.7% 601.2 554.0 460.2 401.7 414.8
Operating profit (EBIT, recurring) (CHF m)   9.7% 601.2 554.0 442.1 401.7 414.8
EBIT (recurring) / sales revenue (%)     8.2% 8.0% 6.5% 6.0% 6.6%
EBIT (recurring) per tonne (CHF)   5.0% 281.0 272.1 230.9 219.0 231.1
Net profit for the year (CHF m)   11.3% 368.7 357.4 281.1 219.0 239.9
Net profit for the year (recurring)² (CHF m)   13.3% 394.7 357.4 263.0 219.0 239.9

Free cash flow
(CHF m)

    289.7 311.9 475.6 430.9 1.2

 

Consolidated Balance Sheet

    CAGR (%) 2018/19 2017/18 2016/17
restated
2015/16 2014/15
Total assets (CHF m)   4.6% 6,508.1 5,832.0 5,466.5 5,640.8 5,429.4

Net working capital (CHF m)

  (2.8%) 1,363.2 1,074.4 1,042.5 1,374.2 1,529.7
Non-current assets (CHF m)   4.9% 2,650.0 2,505.5 2,477.7 2,301.0 2,185.5
Net debt (CHF m)   (6.8%) 1,304.7 1,074.3 1,110.9 1,452.8 1,728.0
Shareholders’ equity (CHF m)   7.9% 2,399.3 2,269.8 2,111.2 1,956.3 1,772.8
Capital expenditure (CHF m)   2.9% 279.6 217.9 220.4 201.0 249.2

 

Ratios

    CAGR (%) 2018/19 2017/18 2016/17
restated
2015/16 2014/15
Economic Value Added (EVA) (CHF m)     206.5 173.3 100.7 52.5 65.6

Return on invested capital (ROIC)³ (%)

    13.2% 12.2% 11.0% 9.5% 9.8%
Return on equity (ROE) (%)     15.4%/16.5% 15.7% 12.5% 11.2% 13.5%
Debt to equity ratio (%)     54.4% 47.3% 52.6% 74.3% 97.5%
Solvency ratio (%)     36.9% 38.9% 38.6% 34.7% 32.7%
Interest coverage ratio     5.2/6.7 7.2 4.9 4.0 4.1
Net debt / EBITDA     1.5 1.5 1.9 2.7 3.2
Capital expenditure / sales revenue (%)     3.8% 3.1% 3.2% 3.0% 4.0%

 

Shares

    CAGR (%) 2018/19 2017/18 2016/17
restated
2015/16 2014/15
Share price at fiscal year-end (CHF)   17.5% 2,024 1,728 1,380 1,264 1,061

EBIT (recurring) per share (CHF)

  9.8% 109.7 101.0 80.6 73.2 75.6
Basic earnings  per share (CHF)   11.8% 67.6 64.9 47.8 39.5 43.2
Cash earnings per share (CHF)     52.9 56.9 86.7 78.6 0.2
Payout per share (CHF)   15.7% 26.0 24.0 20.0 15.5 14.5
Payout ratio (%)     39% 37% 39% 39% 33%
Price-earnings ratio at year-end     30.0 26.6 28.9 32.0 24.6
Market capitalization at year-end (CHF m)   17.5% 11,109.4 9,484.7 7,574.6 6,937.9 5,823.7
Number of shares issued     5,488,858 5,488,858 5,488,858 5,488,858 5,488,858

Total payout to shareholders (CHF m)

  11.5% 131.5 109.8 85.1 79.6 85.1

 

Other

    CAGR (%) 2018/19 2017/18 2016/17
restated
2015/16 2014/15
Total assets   6.8% 12,257 11,570 10,528 9,898 9,430

Net working capital (Tonnes)

  2.0% 1,002,025 956,440 925,544 898,135 925,856
Non-current assets (Tonnes)   5.9% 1,620,112 1,539,476 1,437,082 1,383,186 1,287,461

 

1 Financial performance measures, not defined by IFRS, are defined on page 181.
2 Net profit excluding one-off costs for early bond repayment of CHF 33 million, partly offset by the tax effect of CHF 7 million.
3 From 2017/18 onwards calculated based on Pro-forma (IFRS 15). Refer to Consolidated Financial Statements, Introduction of new standards in 2018/19, IFRS 15 – Revenue from Contracts with Customers – Consolidated Balance Sheet impact.
4 On the basis of net profit / net profit (recurring) for the fiscal year 2018/19.
5 Adjusted interest coverage ratio of 6.7 for the year 2018/19 excludes one-off effect of early bond repayment of CHF 33 million.

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Your Barry Callebaut Group Contacts

Claudia Pedretti
Head of Investor Relations
+41 43 204 04 23